India Security Spending Forecast Update, 2023–2027

IDC Market Forecast Figure

• Figure: India Security Spending Snapshot

Executive Summary

• Figure: Current Evaluation of India Enterprises Using GenAI

Advice for Technology Suppliers

• Developing Comprehensive Cyber-Resilience Strategies

• Staying at the Forefront of Innovation

• Addressing the Unique Needs of Critical Sectors in India

• Healthcare

• BFSI

• Manufacturing Technology and OT

• Critical Infrastructure

• Ensuring Adaptability and Scalability

• Addressing the Unique Needs of Critical Sectors

• Promoting Collaboration and Partnership

• Focusing on Training and Awareness

• Continuously Monitoring Third-Party Risks

• Navigating Regulatory Compliance for GenAI

Market Forecast

• Table: India Security Market Forecast by Segment, 2022–2027

• Hardware Security Market Forecast

• Table: India Hardware Security Market Forecast by Segment, 2022–2027

• Services Security Market Forecast

• Table: India Services Security Market Forecast by Segment, 2022–2027

• Software Security Market Forecast

• Table: India Software Security Market Forecast by Segment, 2022–2027

Market Context

• Drivers and Inhibitors

• Drivers

• India’s Booming Economy: A Magnet for Businesses

• Patchwork of Data and AI Regulations in India

• GenAI to Revolutionize the India Security Market

• Inhibitors

• Reluctance to Change Stifling Security Adoption in India

• India’s IT and Cybersecurity Talent Crunch

• Significant Market Developments

• Security, Risk, and Compliance

• A New Era of Data Protection in India

• India’s Booming Start-Up Culture

• Changes from Prior Forecast

• Table: India Security Spending Comparison of February 2023 and February 2024 Forecasts

• Figure: India Security Spending Comparison of February 2023 and February 2024 Forecasts (US$M)

Market Definition

• Table: IDC’s Security Spending Guide Technology Taxonomy

Methodology

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